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Question By
melwingnut11

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Will using a credit counseling company and DMP(Debt Managment Program) appear on my credit report?
I was discussing with some friends that I have recently started using a Credit Counseling company to get rid of some of my husbands OLD collection accounts. A friend mentioned that she had done this with her husband and it now appears on her credit report that they had used a conseling program and now when her report is for a loan she has been questioned as to why they had to use the program.
Is this true or does this just happen to be in her scenario?

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Yes, that is true.  It will show as a comment on your report that the debt is being paid through a consolidation company, I've seen that many times.

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Not necessarily

My spouse did it, it did not show up on my reports. 

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